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Trump wants you chained to a mortgage forever

Tuesday November 11, 2025. 05:58 PM , from BoingBoing
Trump wants you chained to a mortgage forever
The Grifter-in-Chief is touting a plan only he and the people who own banks can get behind: 50-year mortgages as the answer to our housing crisis. If we assume a typical fixed rate of 6.5% and 20% down, it will take roughly 34–36 years before your monthly payment starts reducing principal faster than interest on a 50-year term. — Read the rest
The post Trump wants you chained to a mortgage forever appeared first on Boing Boing.
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https://boingboing.net/2025/11/11/trump-wants-you-chained-to-a-mortgage-forever.html

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